§ 2-181. Annual financial statement.

(a)

The city clerk shall balance the city ledger on July 1 of each year and take therefrom a complete statement of all the business and financial transactions of the city from the year then ending, and shall present the same to the council at its next regular meeting thereafter. The statement shall contain a complete and concise summary of the total receipts of the year and from what source, the total debts of the city and the total amount then remaining in the city treasury.

(b)

This statement shall be known as the annual financial statement, and shall be referred to the committee on ways and means, which shall compare same with the books of the city and the papers and vouchers of the various officers and report to the council at the next meeting the result of the investigations, together with such suggestions as are deemed necessary. If the statement be found correct it shall be approved, and it shall be the duty of the clerk to endorse on the back of the statement the fact of such approval and the date thereof, and he shall enter said report in full upon the journal and shall cause the same to be published.

(Code 1978, § 113.080; Ord. No. 6574, § 1, 2-22-94)